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By: Daniel Colombini and Vinod Palal at Crain’s New York Business Daniel Colombini and Vinod Palal are principals at New York City-based consulting engineering firm Goldman Copeland. The use of electric vehicles in the United States is growing rapidly, and commercial property owners in New York should prepare for sudden acceleration. The exact speed at which electric car use will […]

BY: Brian Pascus at Crain’s New York Business  Mayor Eric Adams has big plans to revitalize New York’s central business districts as the city emerges from Covid-19. The mayor’s blueprint includes expanded promotional campaigns, new zoning regulations, and an interagency task force dedicated to improving the public space of commercial corridors. The mayor announced his

A luxury residential building in the financial district with more than 750 apartments has been experiencing lengthy elevator outages since the fall. By Karen Zraick and Ashley Wong at The New York Times    When it was completed in 1931, the City Bank-Farmers Trust Company Building towered over the financial district as one of the tallest buildings in New York

As we all know, the Housing Stability and Tenant Protection Act (HSTPA) of 2019 placed a limit on how much security deposit a landlord in NY can collect from a tenant (the equivalent of one month’s rent). However, on September 20, 2021, Governor Hochul signed an amendment to the HSTPA which would exempt landlords of

Suddenly finding itself with too much space, Amazon is looking to sublease some of its excess warehouse space, reports Bloomberg. Despite rate hikes, the Mortgage Bankers Association expects CRE lending volume to hold steady in 2022. These are among today’s must-reads from around the commercial real estate industry. BY: WMRE Staff (Not written by CPL)

Renting on a month-to-month basis can leave tenants in a vulnerable position. But landlords often want to make a deal rather than evict. By Ronda Kaysen at The New York Times Q: My wife and I have rented an apartment in a three-family house in Queens, N.Y., for the past decade. Whenever our son is on

Nine of 17 corridors saw asking rents rise as tenants face supply chain, labor issues By Sasha Jones at The Real Deal   Manhattan retail rents are on the rise but remain below pre-pandemic peaks. Of the 17 major Manhattan retail corridors analyzed for a report by the Real Estate Board of New York, nine had average

By: Leah Laframboise, Clay Pulliam, and Christina Sprecher of Reuters   The impact of the COVID-19 pandemic on commercial leasing was immediate and severe. Landlords and tenants were faced with challenges of a type and magnitude that neither they nor their predecessors in the industry, had ever dealt with. The ensuing economic fallout and government shutdowns

A new report says there are more short-term rentals available in the city than standard ones Written By: The Real Deal Looking to rent an apartment in New York City? Maybe you should instead consider taking a vacation here. Curbed is reporting the number of short-term rentals of apartments through online services such as Airbnb

Penthouse at 100 11th Ave asking $23M tops the list, but most contracts last week were for homes under $5M By Sasha Jones at TheRealDeal Luxury homes kept finding buyers in Manhattan last week, but activity was largely on the lower end of the spectrum. Of the 39 homes priced at $4 million or above